The global crude oil demand is set to surpass its 2019 peak of 100.5 million barrels a day. International Energy Agency (IEA), the Paris-based energy watchdog, said in a monthly report that it expects oil demand to grow to a record 101.9 million barrels a day this year.
Emergent and resurgent Asian economies, such as India and China, are expected to drive most of the increased global energy appetite. An earlier-than-expected return to growth for Europe is also expected to keep demand high.
